EUR/USD: French Flash Services and Manufacturing PMIs

Source: Dukascopy Bank SA

The European Common Currency appreciated against the US Dollar, following the French Flash Services and Manufacturing PMIs data release on Friday at 07:15 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1315 level against the Greenback.

Markit released the French Flash Services PMI data, which came out better-than expected of 53.1 compared with forecasted 51.6. The French Flash Manufacturing PMI data also came out better-than expected of 52.0 compared with forecast of 51.0.

Surprisingly, the Euro appreciated only 13 pips or 0.11% against the US Dollar, following the German Flash Manufacturing and Services PMIs data release on Friday at 07:30 GMT. The given data also beat expectations.


Historical Data: French Flash Services PMI
Date21.02.1922.03.1918.04.1923.05.1921.06.19
Actual49.848.750.551.753.1
Forecast48.650.649.850.751.6
Initial Reaction on Main Pairs
PairOpenCloseChange
EUR/CHF1.109921.111120.11%
EUR/GBP0.88950.890370.10%
EUR/JPY121.16500121.3550.16%
EUR/USD1.129471.131020.14%
June 21, 2019 Open Positions
PairLongsShorts
EUR/CHF73.5%26.5%
EUR/GBP25.7%74.3%
EUR/JPY70.3%29.8%
EUR/USD30.2%69.8%
Economic Calendar for June 24, 2019
GMTCurrencyEventForecastPrevious
8:00EURGerman Ifo Business Climate-97.9
TentativeGBPInflation Report Hearings--
22:45NZDTrade Balance-433M
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